Saturday, October 31, 2009

Why can I not get a loan as a firts time home buyer ?

Why can%26#039;t I obtain a loan from a bank or morgage company ? They say that you can have good credit or bad, But I guess they are only looking for reallllllllly good A+1 credit score.



Why can I not get a loan as a firts time home buyer ?

You need some sort of credit. If you have absolutely no credit than you neither have good or bad credit. If you have no credit it is almost as bad as having bad credit to a bank or morgage company. In order to get a loan for a home you may need a co-signer.



Why can I not get a loan as a firts time home buyer ?

Look at the income to debt ratio.



Why can I not get a loan as a firts time home buyer ?

They make big adverts promising everything. Reality is different.



They will give you all sorts of stupid excuses why they cannot suddenly give you a loan. Find a honest (?/!) Mortgage broker,and he/she may be able to help you. Remember to compare rates with different types offered, and try to make your choice. . All the best %26amp; God speed to you.

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